Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1887-08-12
Daily Review

GAZETTE OFFICE,
FORT WORTH TEX, Aug. =, 1857.
Trade was active to-day.
-FOUR bales of new crop cotton were
marketed here to-day 8a SIC being paid
per pound. QuotatiOns at present are
nominal, but prices will probably be liked
next week.
Butter was somewhat tirmer to-day at
is cents.
THE STATE Oy TRADE.
Special kilograms 10 Brads- reefs en-
phasize previous reports of serious dam
age to the Indian corn crop from
droutn. Rain in Kansas aud Mis-
souri, has not been heavy or widespread.
The belief grows that serious cur
tsilment sof the crop is threatened,
and speculation in corn at Chicago, and
New York to less extent, mas reflected
this. Prices are advancing, and leading
commission houses note the receipt Of
! buying orders from farmers and others at
many points throughout the corn belt
I Prices are up &C on the week ct New York
/ and &c at Chicago. Exports o! corn for
the year ending June 50 were valued at
| Sl2, 3S3,0 600 less than in the year before,
owing largely to increased ship
ments from southeastern Europe.
Low grade hogs are being
thrown on the market west, in the face
of the probable decrease in the corn
output This sends prices OF hogs down,
although products east have been fairly
well sustained. The increase in value
of meats and hog and dairy products for
the year ended June so over the year be-
fore was but 81, ISL, 600. Wheat has teen
nervous but weak under light exports,
weak cables, better crop prospects
abroad and the collapse of the Cali
fOrnia wheat corner. Cash closes 1c
above last week. In the settlement of
the wheat deal at San Francisco the
shorts receive 81 per ton, and bank de
posts and margins are reduced to S1.70-
The shorts are to receive Z per cent in
terest for carrying wheat to September,
October, November and December, de
livering one-quarter each month. Cali-
fornia farmers are reported to have sold
one-haf the new crop. Wheat exports
last year were S4O,0CO,O00 heavier than
for the year ending June 80, 1856 wheat
-four exports SIS, sos ,00Oaheavier.
A moderate restriction in the move
ment OF staple merchandise to the inte-
rior from most OF the larger eastern and
|
trade, extending to sales of dry goods,
groceries, hardware and millinery, and
being most noticeable at Cincinnati,
Louisville, Chicago, Omaha, Kansas
City, indianapolis and st. Louis
at Boston, San Francisco and
st, Louis call-loan rates are higher
Demands from the west are primary
cause at Boston; the speculative troubles
at San Francisco actually demoralized
New York exchange on Thursday, and
interior demands for funds at St. Louis
put rates up there. There is no change
st Kansas City. At Chicago money is
easier and rates sre lower, owing tC
checked demand from the grain trade
and general mercantile lines. The
sction OF the Secretary of the Treas
ury in Offering to anticipate interest
payments and to buy lbs had perceptible
effect in easing the Philadelphia market
and has tended TO allav apprehensions Of
stringency at New York. Influenced
largely by this, the New York stock mar
ket has shown renewed strength, and
prices have recovered considerably from
the recent decline. Government bond:
also tend higher Bradstreet's.